Exodus Announces Workforce Reduction To Focus On Full-Stack Stablecoin Payments Infrastructure
EXOD•Workforce reduction and expected charges
- Exodus Movement Inc. said it is announcing a workforce reduction to focus on full-stack stablecoin payments infrastructure.
- The company said it is reducing about 25% of its global workforce.
- Exodus Movement expects $2.5 million-$3.5 million of pre-tax charges from the workforce reduction.
- It expects $10 million-$13 million in annualized cash operating expense savings, with the full benefit in 2027.
